Kirby Corporation (KEX) is positioned well in the marine shipping sector with strong earnings.

From Yahoo Finance: 2025-04-04 18:56:00

Research shows geopolitical events impact marine shipping stocks. Challenges in 2024 included war in Ukraine, Houthi attacks, and tensions in the South China Sea. Despite challenges, container ship owners saw profits. Market expected to reach $133.63 billion by 2030, fueled by global trade and military navy growth. Passenger and tourism needs also drive fleet expansion.

Cargo vessels critical in global trade, playing a vital role in transporting goods. Demand for faster shipping leads to adoption of new technologies like modern navigation systems and eco-friendly fuels. As global trade expands, cargo vessels remain crucial for international commerce and economic growth.

Kirby Corporation (KEX) operates domestic tank barges in the US, transporting various products. Analysts sustain a “Buy” rating with a price target of $135.00. Strong demand across business segments and potential M&A opportunities in the inland barge market position Kirby Corporation well. Net earnings for FY 2024 were $286.7 million. Kirby Corporation ranks 1st on the list of best marine shipping stocks.

Read more: Is Kirby Corporation (KEX) the Best Marine Shipping Stock to Invest in Now?